The Australian dollar’s 15 percent decline added about A$7 billion ($6.4 billion) to Australia & New Zealand Banking Group Ltd.’s balance sheet as the lender nears its funding goal for this fiscal year, its group treasurer said.

Westpac Banking Corp., Australia’s second-largest bank, reported first-quarter profit that was lower than a year earlier as rising funding costs squeezed the profitability of its lending. The shares fell.

Macquarie Group Ltd. , the Australian investment bank that increased staff by 46 percent since March 2007, faces calls to shrink its workforce as a slump in trading and fees from arranging mergers erodes profit.